SYDNEY, Aug. 11, 2026 /PRNewswire/ — To address the growing need for institutional-grade security and independent oversight in the digital asset sector, Vield, an Australian Bitcoin-backed finance company, today announced a strategic partnership with Revio Cyber Security. Through this collaboration, Revio will serve as Vield’s dedicated cyber security partner, providing independent security oversight to further deepen the company’s defensive posture.

As clients increasingly seek secure avenues for Bitcoin-collateralised credit and safekeeping, navigating the complexities of digital asset security requires a rigorous, multi-layered approach. Revio addresses this critical need by helping senior business leaders implement a risk-based cyber security strategy that spans people, roles, processes, and technology. This partnership directly extends Vield’s security infrastructure across the core pillars central to its brand: Safety, Security, and Transparency.

Revio joins Vield’s existing security relationships, namely institutional custody provided by Zodia Custody and security audit work by Hashlock. Together, these integrations reinforce Vield’s layered, defence-in-depth approach to protecting client assets and infrastructure.

“For a Bitcoin-backed lender, robust cyber security leadership is not just an operational requirement; it is the foundation of client trust,” said Johnny Phan, CEO of Vield. “By integrating Revio’s independent oversight into our ecosystem, we are actively reinforcing our core pillars of Safety, Security, and Transparency, ensuring our clients’ assets are protected by a comprehensive, defence-in-depth strategy.”

John Baird, Founder and CEO of Revio, added: “Taking a comprehensive, risk-based approach to cyber security is critical in the digital finance space. Drawing on my background in banking technology and cyber governance, our focus is to provide Vield with rigorous, independent oversight that strengthens their defensive posture and supports their commitment to safeguarding client assets.”

For more information about Vield’s Bitcoin-backed financial products and security infrastructure, visit [vield.io]. To learn more about Revio’s cybersecurity consulting services, visit [revio.tech].

About Vield

Vield is an Australian Bitcoin-backed finance company offering Bitcoin-collateralised credit and safekeeping products. It is an AUSTRAC-registered digital currency exchange provider (Vield Pty Ltd). This partnership with Revio extends Vield’s security infrastructure across the “Safety, Security, and Transparency” pillars central to its brand.

About Revio

Revio (Revio Cyber Security) is an independent cyber security consulting specialising in readiness, response and recovery. Revio helps senior business leaders take a risk-based approach to their organisation’s cyber security, spanning people, roles and responsibilities, process and technology when building a security strategy. Its founder and CEO, John Baird, is a former Chief Technology Officer for Asia/Pacific at Deutsche Bank, former Chairman of the NSW Government Cyber Security Advisory Council, and an Adjunct Fellow at Macquarie University.

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SOURCE Vield

Transaction brings together FortressFire’s physics-based wildfire risk modeling platform and FM’s leading engineering and research capabilities

JOHNSTON, R.I., Aug. 10, 2026 /PRNewswire/ — Commercial property insurer FM today announced the acquisition of FortressFire, a leading provider of wildfire intelligence that combines machine learning and physics-based modeling. Financial details of the transaction were not disclosed.

Through a data-driven, science-backed approach to wildfire risk modeling, FortressFire helps protect homes, businesses and communities from wildfire loss. Operating as an independent, wholly owned division of FM, FortressFire’s platform enables insurers and property owners to better understand and manage wildfire risk down to an individual property level. Its wildfire intelligence solutions include aerial wildfire reports, monitoring, analytics, ground inspections and mitigation assessments to provide actionable, structure-specific insights and mitigation recommendations.

“FortressFire shares FM’s core belief in the power of data-driven, location-based risk mitigation and protection measures to help clients better understand and manage wildfire exposure,” said Malcolm Roberts, chairman and chief executive officer of FM. “The FortressFire team brings powerful tools to assess and mitigate wildfire risk, and we are excited to welcome them to the FM family.”

“For years we’ve argued that the best risk management is ignition prevention—and that the path to insurability runs through science,” said Michael Ashker, founder, chairman and chief executive officer of FortressFire. “To have an engineering-focused insurer of FM’s caliber put its capital and conviction behind that thesis is the strongest possible validation of what our team has built.”

Wildfire has long threatened property—but its risk has intensified in many parts of the world in recent years. FortressFire was built to reverse that cycle—quantifying ignition risk through fire physics, prescribing verifiable mitigation recommendations and monitoring properties to keep them protected over time.

The acquisition pairs FortressFire’s structure-specific wildfire intelligence with FM’s long engineering heritage, scientific research capabilities and balance sheet strength. FortressFire will continue to serve insurers, reinsurers, brokers, real estate professionals, lenders and property owners across the market under its own brand and leadership.

About FM 
Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.

Follow FM on LinkedIn, Instagram and Facebook. Visit our newsroom for updates on FM, and listen to our podcast, Sound Policy, on Spotify or Apple Podcasts.

About FortressFire
FortressFire brings together wildfire scientists, insurance professionals, technologists and fire mitigation experts to help protect homes, businesses and communities from wildfire loss. Most wildfire risk tools estimate how likely a fire is to happen. FortressFire goes further, determining whether a structure will ignite — and then preventing it. Through its proprietary AMP Platform — Assess, Mitigate, Monitor, Protect — FortressFire provides structure-specific wildfire vulnerability analysis, mitigation guidance, onsite inspection and ongoing monitoring and protection services. Using physics, thermodynamics, fire behavior modeling and structure-fuel analysis, FortressFire turns science into action with targeted protection that reduces loss. By quantifying ignition risk and validating mitigation effectiveness, FortressFire helps insurance carriers reduce loss, enables underwriters to improve precision and provides property owners with actionable next steps. Visit www.FortressFire.com to learn more.

MEDIA CONTACT
ROBERT JULAVITS
VP, STRATEGIC COMMUNICATIONS
M: +1 415-806-5120
ROBERT.JULAVITS@FM.COM 

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SOURCE FM

New investment from Francisco Partners and long‑term referral agreements with BMO and RBC further the company’s commitment to advancing Canadian commerce

TORONTO, and SAN FRANCISCO, Calif., Aug. 10, 2026 /PRNewswire/ — Moneris Solutions Corporation (“Moneris”), a leader in Canadian commerce solutions, and Francisco Partners (“FP”), a leading global investment firm that specializes in partnering with technology companies, today announced that FP has entered into a definitive agreement to acquire Moneris from Bank of Montreal (BMO) and Royal Bank of Canada (RBC), subject to customary regulatory approvals and closing conditions.

Under the terms of the agreement, FP will acquire Moneris for cash consideration of approximately C$2.0 billion, with BMO and RBC each receiving a 50 percent share. Further, long-term referral agreements have been established with both BMO and RBC, under which they will exclusively refer customers, reflecting Moneris’ position as Canada’s trusted payments and commerce partner and reinforcing the innovation, continuity and stability that Moneris is known for.

FP combines deep expertise in payments and fintech with extensive experience growing technology-enabled businesses globally. The firm has a strong track record of long-term investment and supporting operational excellence, innovation and growth, as evidenced by its investments in Hypercom, Paymetric, PayLease, NMI and Verifone, among others. Its investment in Moneris reflects confidence in the company’s mission, performance and future potential, while providing additional expertise, resources and strategic support to help accelerate the company’s next phase of growth and innovation.

As part of the transaction, Jeff Sloan, former President and CEO of Global Payments Inc., and a highly regarded payments industry leader, will join Moneris as Chairman. Sloan brings decades of global experience and a proven track record, complementing the strength of Moneris’ experienced leadership team.

As ownership transitions to FP, Moneris’ commitment to serving Canadian businesses will remain unchanged, as reflected in its leadership, people, presence and platforms, including nearly 2,000 team members across the country, a head office and technology infrastructure fully resident in Canada and a continued dedication to local communities from coast to coast to coast.

“This announcement marks an exciting next step in Moneris’ continued evolution as the company that powers Canadian commerce,” said James Hicks, President and CEO at Moneris. “With Francisco Partners’ deep global expertise in technology and payments, we are well-positioned to further accelerate our ambitious strategy and continue to broaden the wide choice of solutions, support and experiences we deliver to businesses to help them achieve their aspirations. Importantly, our commitment to our customers, partners and people remains unchanged, and we will continue to operate with the same focus, values and leadership that have defined Moneris for more than two decades. The deep relationships we have built with BMO and RBC extend well beyond ownership. Their decision to establish long-term referral agreements and maintain ongoing commercial relationships with Moneris reflects the confidence both organizations have in Moneris and provides a strong foundation for continuity, collaboration and long-term growth. I am also pleased to be working again with Jeff Sloan, whose industry experience and perspective will complement the strong momentum our team has built.”

“For 25 years, Moneris has earned the trust of Canadian businesses by delivering secure, reliable and innovative payment solutions,” said Sharon Haward-Laird, Group Head, Canadian Commercial Banking & North American Integrated Solutions, and Co-Head Canadian Personal & Commercial Banking, BMO. “This next chapter will enable Moneris to build on that strong foundation while accelerating its strategy in a rapidly evolving payments landscape. Through our ongoing referral arrangements, clients will continue to benefit from the trusted support and solutions they rely on today.”

“Moneris has played a central role in enabling Canadian businesses to modernize and scale by connecting them with more consumers more often through innovative payments solutions across the commerce ecosystem,” said Sean Amato-Gauci, Group Head, Commercial Banking, RBC. “The trusted team, leading platforms and unwavering commitment to clients that Moneris is known for will be leveraged and amplified by Francisco Partners in this next stage of growth. We’re eager to see the accelerated investment in innovation and modernized solutions Moneris can bring to our valued business clients and the Canadian market.”

“Moneris is one of the strongest payments solution providers in North America, with a trusted brand, leading technology and a proven team that has helped shape the way Canadian businesses operate,” said Peter Christodoulo, Partner at Francisco Partners. “We see a significant opportunity to build on that foundation through continued investment in innovation, platform expansion and long-term growth, while preserving the deeply Canadian identity that has made Moneris a market leader, including its long-standing relationships with leading Canadian financial institutions, BMO and RBC.”

“Together with Jeff Sloan’s deep industry expertise and strategic counsel as Chairman, we are excited to support the Moneris team as they continue to deliver the technology, scale and reliability Canadian businesses need to thrive in an increasingly digital and AI-driven economy,” added Nate Zupan, Principal at Francisco Partners.

“Moneris has established itself as a leader, with a strong market position, a clear strategic vision and a talented team that is deeply committed to its customers and partners,” said Jeff Sloan. “The company has built significant momentum under James’ leadership and, having worked together in the past, I have tremendous confidence in his leadership team, the strategy they are executing and the opportunities ahead. With the investment and support of Francisco Partners, Moneris is well-positioned to accelerate that strategy and continue building on its strong foundation. I look forward to supporting Moneris and its leadership team as they continue creating value for customers, partners and stakeholders.”

Closing and approvals

The transaction remains subject to customary closing conditions and regulatory approvals, including under the Retail Payment Activities Act (Canada) and clearance under the Competition Act (Canada). The transaction is expected to close by the end of the first quarter of BMO and RBC’s fiscal year 2027.

PJT Partners served as exclusive financial advisor and Torys as exclusive legal advisor to Moneris. PJT Partners also advised Moneris’ shareholders. RBC Capital Markets and BMO Capital Markets served as financial advisors, and Blake, Cassels & Graydon LLP and Osler, Hoskin & Harcourt LLP served as legal advisors, to Moneris’ shareholders. Barclays, Goldman Sachs & Co. LLC and Wells Fargo served as financial advisors, and Kirkland & Ellis LLP and Stikeman Elliott LLP served as legal advisors to Francisco Partners.

About Moneris

Moneris is Canada’s leading commerce solutions provider, helping businesses of all sizes sell more, serve customers better and operate more efficiently. Moneris has powered Canadian commerce for more than 25 years. Today, Moneris helps businesses accept and manage payments at over 325,000 points of commerce, representing one in three transactions across the country.

Moneris offers ecommerce and omnichannel solutions, point-of-sale hardware and software, integrated business tools and data and insights, all backed by secure payment acceptance across in-store, online and mobile environments. As the only major provider in Canada with an in-house national Field Services team, Moneris ensures businesses are supported when and where they need it, through on-site installation and maintenance coast-to-coast-to-coast, and 24/7/365 support.

Headquartered in Toronto, with offices in Sackville, Montreal, Quebec City, Calgary and Burnaby, Moneris serves businesses of all sizes across industries and regions nationwide.

For more information, visit moneris.com.

About Francisco Partners

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 25 years ago, Francisco Partners has invested in over 500 technology companies, making it one of the most active and longstanding investors in the technology industry. With over $75 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

Forward-looking statements

This release contains forward-looking statements regarding the proposed transaction and potential future developments. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, including market, technology and regulatory requirements. Actual results may differ from those expressed or implied. Moneris undertakes no obligation to update forward-looking statements except as required by applicable law. 

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SOURCE Moneris